All three major US stock indexes saw gains
Tuesday as Americans lined up to choose their next president.
The first order of business for the eventual winner, be it Barack
Obama or Mitt Romney, will be to find a way to avoid the "fiscal
cliff," 600 billion dollars of combined tax increases and spending
cuts that will go into effect in 2013 if the US Congress can not
reach a budget compromise.
The blue-chip Dow Jones Industrial Average rose 133.24 points, or
1.02 per cent, to 13,245.68. The broader Standard & Poor's 500 Index
went up 11.13 points, or 0.79 per cent, to 1,428.39. The
technology-heavy Nasdaq Composite Index increased 12.27 points, or
0.41 per cent, to 3,011.93.
The US currency slid against the euro to 78.04 euro cents from
78.14 euro cents on Monday. The dollar gained on the Japanese
currency at 80.36 yen from 80.24.
